7 [Figure 1, printed on the insert, is provided for use in this question.]
Harold considers himself to be an expert in assessing the auction value of antiques. He regularly visits car boot sales to buy items that he then sells at his local auction rooms. Harold's father, Albert, who is not convinced of his son's expertise, collects the following data from a random sample of 12 items bought by Harold.

1. Calculate the value of the product moment correlation coefficient between \(x\) and \(y\).
2. Interpret your value in the context of this question.
3. 1. On Figure 1, complete the scatter diagram for these data.
   2. Comment on what this reveals.
4. When items J and L are omitted from the data, it is found that $$S _ { x x } = 4854.4 \quad S _ { y y } = 4216.1 \quad S _ { x y } = 4268.8$$
   1. Calculate the value of the product moment correlation coefficient between \(x\) and \(y\) for the remaining 10 items.
   2. Hence revise as necessary your interpretation in part (b).